Q60
The maximum amount that an Indian company can issue as ADR/GDR in a year is
A.
USD 500 million
B.
USD 30 million
C.
USD 20 million
D.
No monetary ceiling
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The maximum amount that an Indian company can issue as ADR/GDR in a year is No monetary ceiling. The Monetary Ceiling is the maximum amount for which a Member can be held liable (ie. the cap) where a Court determines that the Member is compliant with all relevant obligations.